Temenos announces completion of its 2021 share buyback programme Montag, 02. August 2021 - 06:54

Temenos announces completion of its 2021 share buyback programme

GENEVA, Switzerland, August 2, 2021 – Temenos AG (SIX: TEMN), the banking software company, today announces the completion of its 2021 share buyback programme.

This share buyback programme, initiated on February 19, 2021, was completed on July 30, 2021. In total, 1,360,365 registered shares of the company were bought back at an average price per share of CHF 133.8747 on the ordinary trading line on the SIX Swiss Exchange. These shares represent 1.83% of the company’s share capital as registered in the commercial register at the time of today’s announcement (i.e.74,206,266 shares); it represents 1.87% of the company’s share capital as registered in the commercial register at the time of the launch of this share buyback programme (i.e.72,757,466 shares). The repurchased shares will be used for potential acquisitions and/or to cover future employee stock ownership plans.

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About Temenos

Temenos AG (SIX: TEMN) is the world’s leader in banking software. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process both the daily transactions and client interactions of more than 1.2 billion banking customers. Temenos offers cloud-native, cloud-agnostic and AI-driven front office, core banking, payments and fund administration software enabling banks to deliver frictionless, omnichannel customer experiences and gain operational excellence.

Temenos software is proven to enable its top-performing clients to achieve cost-income ratios of 26.8% half the industry average and returns on equity of 29%, three times the industry average. These clients also invest 51% of their IT budget on growth and innovation versus maintenance, which is double the industry average, proving the banks’ IT investment is adding tangible value to their business.

For more information, please visit www.temenos.com.